REDEFINE PROPERTIES LTD

RDF JSE

SteynTrade

After following Redefine down since mid-2019 it is time to follow it up - see posts following it down below - it is now time to follow it up. A base was formed starting in March 2020 which has turned out to be an accumulation trading range. A last point of support (LPS) was formed making higher highs with signs of strength (SoS) with some volume behind the move....

cobusferreira

Massive Bull Flag on RDF

AWPEARCE1

My punt worked with redefine as on 08 Jan. Stochastics are now showing oversold on both weekly and daily charts, I will hold this stock UNTILL ATR Alerts me to the fact that i may sell. I will not buy at these levels, rather wait for a pullback. They dabble in the office space which is negative, and will not be paying dividinds ll ATR

Cheyne54

Watching Redefine very closely around this level. If the resistance turned support line can hold around these levels, then price could eventually recover to R6. However, if support fails, further support should be found around the R3.50 price level. Trade offers a roughly 3:1 reward to risk ratio.

AfroTez

Redefine proving to be quite volatile seems to be repeating its patterns from before. Strong rally followed by a drop(Sometimes steep) and the share price. A support line at R 3.10 seems to be holding well but if the past is anything to go by, it would be safe to assume the share price might drop further. Redefine seems to be moving heavily on news, which can...

Bart10000

Looks good on the week

runyamhere

Redefine has a nice cup & handle set, should move up to attack the resistance where it turned from.

AWPEARCE1

Nice retrace on Redefine. ATR giving buy signal, stochastics 5 and 14 in oversold positions. Taking a short term punt.

TraderPetri

This trade is working out very well so far :)

AfroTez

One of the big finishers of the week, Redefine posting 20% increase. And in the week to come we can only hope that the rise continues. In the year they have shown strong potential to rebound and their previous blow was a certain investment property coming back to haunt them when they least expected it. Redefine is a confident pick to back for recovery as they have...

Riantic

It's still a bit early to call a c&h formation however we're currently above the 200 EMA and if it continues on this trend and breaks through the resistance levels up until Feb 2021 (dividend payout date) this is a likely scenario

Naidoo18

RDF curently moving within a consolidating area, with boosted optimism around the vaccine and global investors appetite shifted towards risk on, we could indeed see a break of the 240 resistance (50 day ema) and enter into a long position. This would signal a new uptrend

ConnieBezuidenhout

RDF seem to be lagging the sector. Solid base established between 200 & 220 Downtrend broken. Volume increasing and price above 10ema Weekly close above 10ema would confirm long idea 250 would be break of the consolidated Box it was trading in Potential targets: 350, 400 and gap close at 450 Disclaimer: This is my personal view and opinion and should not be...

Lester_Davids

*This chart forms part of a larger research note for clients* Published pre-market.

bullishjudge

Redefine struggling to break out of a downtrend for now, watch that line and the 240 level, a break above here will start a new uptrend.

Danerutherford

Although RDF and SA property have been struggling post lockdown I do think there is some lagging behind and a 'bottoming out' that has taken place. I like the 200 level here and has great risk reward opportunities. 192 as a tight stop.

The_A

Idea only!

AkhonaG

A close below R2.00 will confirm failure of the long trade.